diff --git a/.gitignore b/.gitignore
index df52e4d..20cb8a6 100644
--- a/.gitignore
+++ b/.gitignore
@@ -2,3 +2,4 @@ exempi-2.1.1.tar.gz
 /exempi-2.2.0.tar.bz2
 /exempi-2.2.1.tar.bz2
 /exempi-2.3.0.tar.bz2
+/exempi-2.4.0.tar.bz2
diff --git a/exempi.spec b/exempi.spec
index 9d2d210..dd84168 100644
--- a/exempi.spec
+++ b/exempi.spec
@@ -1,6 +1,6 @@
 Summary:	Library for easy parsing of XMP metadata
 Name:		exempi
-Version:	2.3.0
+Version:	2.4.0
 Release:	1%{?dist}
 License:	BSD
 Group:		System Environment/Libraries
@@ -66,6 +66,10 @@ rm -rf %{buildroot}%{_libdir}/*.a
 %{_libdir}/pkgconfig/*.pc
 
 %changelog
+* Mon Jan 09 2017 Nikola Forró <nforro@redhat.com> - 2.4.0-1
+- Update to version 2.4.0
+  Resolves #1411059
+
 * Thu Mar 17 2016 Nikola Forró <nforro@redhat.com> - 2.3.0-1
 - Update to version 2.3.0
   Resolves #1318279
diff --git a/sources b/sources
index 9f079bd..02554c5 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-1cc8c7f005fd4ef631e9000b3d5433a8  exempi-2.3.0.tar.bz2
+SHA512 (exempi-2.4.0.tar.bz2) = 80e003cf852a990406eb17c682b7b8b54c4598ae8fd067687ae824a9c90271d711cee72442b5aae289c1272a5221c62114d259a7d8fad12d4158438c951a5aba